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Sphera Franchise Group, the biggest food service group in Romania, ended 2024 with sales of above RON1.5 billion, up 5.4%, and RON97.2 million, 22% above the 2023 level.
Romania startup accelerator InnovX, founded in 2019, which for the second year in a row ranked among the 20 best hubs for startups in Europe, plans to open offices in Vienna and London as part of its strategy to climb to the top position in 5-10 years.
2B Intelligent Soft (stock symbol: BENTO), a Romanian entrepreneurial company that provides software development services and IT infrastructure and Cloud services, reported preliminary operating revenue of RON84.4 million in 2024, up 45% from 2023 and up 8% against the budgeted level, as per data from the company's annual preliminary financial report published at the Bucharest Stock Exchange.
AROBS Transilvania Software (AROBS.RO), the largest technology company listed on the Bucharest Stock Exchange, posted RON412.5 million consolidated revenue in 2024, 3.5% lower than in 2023 and 2% more than set in the spending and revenue budget revised in the third quarter of 2024.
National oil carrier via pipelines and tanker railcars Conpet Ploiesti (stock symbol: COTE.RO) has announced a net profit of RON49.4 million for 2024, down 19.8% versus 2023 and 11.5% higher than the budgeted level, as per its annual preliminary financial report sent to the Bucharest Stock Exchange.
Farmaceutica Remedia (stock symbol: RMAH), one of the leading players on the drug wholesale market, ended 2024 with net profit of RON7 million, down 2.8% against a net result of RON7.2 million reported in 2023, as per data from the company's annual preliminary financial report sent to the Bucharest Stock Exchange.
Industrial equipment manufacturer AAGES Targu-Mures (AAG.RO) posted RON11.4 million net profit in 2024, an increase of 70.8% on 2023, while revenue stood at RON61.6 million, 36% higher.
French-held retailer Auchan Romania continues its expansion strategy in the proximity segment by opening its 9th large-scale supermarket, in Popesti-Leordeni, located in the southern part of capital city Bucharest.
Romania's finance ministry has announced that it will carry out a new issue of Fidelis government bonds for retail investors between March 7 and 14, 2025.
Monsson, one of the largest developers of wind and solar projects in Romania, is to build a factory that makes and assembles components for the renewable energy industry near the former Petrila Mine this year.
Romania's Finance Ministry raised RON500 million from banks on Thursday (Feb.27), selling government paper due in 2035 at annual average yields of 7.33%.
Romania’s general consolidated budget posted a deficit of RON11 billion in January 2025, or 0.58% of the gross domestic product (GDP), compared with a deficit of RON7.89 billion, or 0.45% of GDP, reported in January 2024, Finance Ministry data show on Thursday (Feb. 27).
Garanti BBVA granted a EUR7.5 million loan to Dej-based MG Tec Industry SRL, the leading Romanian producer of tissue paper.
iBanFirst’s Bucharest office last year processed a volume of EUR1.4 billion in international payments, thus marking a 72% revenue increase.
Romanian electronic device maker Visual Fan, which owns Allview brand, for 2024 reported RON131 million consolidated turnover, RON2 million lower than in the previous year, but net profit climbed to RON11 million from RON6.6 million.
The Bucharest Stock Exchange (BVB), the operator of Romania capital market, for 2024 reported RON77 million consolidated operating revenues, down 7% from the previous year, and RON10.65 million net profit, 60% lower.
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a preliminary turnover of RON1.4 billion for 2024, 7% lower than in 2023, and net profit of RON381 million, down 15% year-on-year.
Romania economy recovery is slower than expected and political turmoil is denting investors’ and consumers’ confidence, says the European Bank for Reconstruction and Development (EBRD) in its latest report.
Romanian fashion brand Ami Amalia, founded by entrepreneur Amalia Saftoiu, is seeking an investor to aid it step up direct development of the business in Europe.
Santierul Naval Orsova (SNO.RO) shipyard ended 2024 with ROIN5.94 million net profit, an increase of 71.9% on 2023, while revenue stood at RON99.8%, 0.3% higher.18957 items